European Youth Unemployment Rates

Every time I flip through a financial TV-show, the topic of greece and the european economy come up. All Greek, Spanish, and European government officials are obviously as competent as our government officials. 

I learned a fantastic amount of information about the European debt crisis on this NPR podcast episode of "this american life"

After listening to that, you'll get a real sinking feeling by looking at this chart. Immediately after our real estate crisis in 2008, the investment banks were in dire need of investments, so countries in europe had government bonds that were quickly swept up. So quickly that they offered more. When a government sells a bond, its the exact same as taking a loan from someone. Its pure debt. Since then you can see what's been happening! Kids aren't working. Their living with their parents, or living in debt.